IT stock jumped 18%, up 45% in last two days. What’s driving the rally?

On Tuesday, Subex informed in an exchange filing that Jio Platforms (JPL) has partnered with Subex HyperSense AI to enhance its 5G product line. As per the collaboration, JPL will offer its cloud native 5G core to telcos globally with Subex’s HyperSense to enable closed loop network automation, product performance and customer experience analysis. Jio Platforms Ltd. (JPL) is an Indian technology company and a subsidiary of Reliance Industries (RIL), headquartered in Mumbai.

“By combining Hypersense with the cloud native 5G core of Jio Platforms, CSPs will be able to rapidly track their 5G journey by leveraging the power of AI. Additionally, this partnership will enable operators to develop multiple use cases around customer experience and revenue growth. will allow it to be addressed.” Suresh Chintada, CTO, Subex.

Subex’s Hypersense platform is an integrated data analytics and AI orchestration platform, which uses technologies such as machine learning and AI. Hypersense assists in data preparation, model building and deployment, insight generation. The platform also enables AI powered real time analytics in critical 5G systems (edge/access/transport/core network) for better customer experience, efficient operations and overall business profitability.

The Board of Directors of the software company will meet next week on Monday, 8th August, 2022 through video conferencing to, inter alia, consider the unaudited financial results (standalone and consolidated) as per Indian Accounting Standards (Ind AS) and will be approved. ) for the quarter ended June 30, 2022 (Q1 FY23).

Subex is a Bengaluru-based Indian enterprise software company that provides telecom analytics solutions and AI-led digital trust products to communication service providers. Shares of Subex have fallen more than 26% in 2022 (YTD) so far, while IT Stock is down more than 31% in a one-year period.

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